Proclaim Liberty Inc

Analysis

Proclaim Liberty Inc is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in April 1974, 52 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Proclaim Liberty Inc reported income of $614k and spending of $817k, spending 133% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $563k to $614k (+9.1%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 387%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Proclaim Liberty Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within WA. Charities of a similar size with the same main cause include Catholic Housing Corporation of Northern Berks County ($614k), Warriors Center for Women Olive Branch ($615k) and Shrewsbury Housing Inc ($614k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $57k. At year end it held assets of $7.1m against liabilities of $5.6m, net assets of $1.5m.